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Tetra Tech TTEK Equity Method Income

Discontinued — last reported Q3 '23

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Segments

By segment

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CIG$600K-33.3%
GSG-$100K-133%

Other financials

Income statement

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Revenue$1.2B-7.7%
Gross profit$1.0B-4.9%
Operating income$131.5M+232%
Net income$93.8M+1,641%
EPS (diluted)$0.36+1,700%

Balance sheet

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Cash & equivalents$223.6M+24.6%
Total debt$1.1B-9.3%
Total equity$1.9B+18.4%
Total assets$4.4B+4.3%

Cash flow

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Operating cash flow$165.3M
CapEx$6.0M+7.2%
Free cash flow$159.4M+1,496%

Valuation

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Market cap$8.78B-10.4%
Enterprise value$9.67B-9.0%
P/E19.9×-25.4×
P/S1.7×-0.1×

Profitability

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Gross margin122.2%+8.2pp
Operating margin12.1%+5.9pp
Net margin8.6%+5.1pp
FCF margin13%+8.7pp

Returns & leverage

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Return on equity25.6%+13.7pp
Debt / equity0.6×-0.2×
Current ratio1.3×+0.2×

Where this comes from

Reported directly by Tetra Tech in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The source filing: Tetra Tech’s 10-Q, filed August 10, 2023.

Filed
Aug 10, 2023
Fiscal quarter
Q3 FY2023
Calendar quarter
Q2 2023
Accession
0000831641-23-000039
Line itemNine Months Ended / July 2,2023Nine Months Ended / July 3,2022
Net income$219,794$180,205
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization43,22119,545
Equity in income of unconsolidated joint ventures(4,831)(5,233)
Distributions of earnings from unconsolidated joint ventures4,3454,532
Amortization of stock-based awards21,64019,104
Deferred income taxes21,475750
Fair value adjustments to contingent consideration8,477(64)

Item 1. Financial Statements (Unaudited)

FAQ

What is Tetra Tech's equity method income?
Tetra Tech (TTEK) reported equity method income of $1.76M in Q2 2023.
How has Tetra Tech's equity method income changed year-over-year?
Tetra Tech's equity method income increased by 19.3% year-over-year, from $1.47M to $1.76M.
What does equity method income mean?
The company's proportional share of net income or loss from unconsolidated affiliates and joint ventures accounted for under the equity method.

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